NEW YORK, Feb. 3, 2015
/PRNewswire/ -- S&P Dow Jones Indices will make the
following changes to the S&P MidCap 400 and S&P SmallCap
600 indices after the close of trading on Monday, February 9:
- Vista Outdoor Inc. (NYSE: VSTOwi) will replace CARBO Ceramics
Inc. (NYSE: CRR) in the S&P MidCap 400, and CARBO Ceramics will
replace Alliance One International Inc. (NYSE: AOI) in the S&P
SmallCap 600. S&P MidCap 400 constituent Alliant Techsystems
Inc. (NYSE: ATK) is spinning off Vista Outdoors in a transaction
expected to be completed on that date. Alliant Techsystems will
remain in the S&P MidCap 400 following the distribution. CARBO
Ceramics' market capitalization is below $800 million, making it more representative of
the small cap market space. Alliance One International is ranked #
600 in the S&P SmallCap 600.
- Summit Hotel Properties Inc. (NYSE: INN) will replace Orbital
Sciences Corp. (NYSE: ORB) in the S&P SmallCap 600. The post
spin-off Alliant Techsystems is acquiring Orbital Science in a
transaction expected to be completed on or about February 9. Post merger, the combined company
will change its name to Orbital ATK Inc.
Vista Outdoor is a designer, manufacturer and marketer in the
outdoor sports and recreation markets. Headquartered in
Clearfield, UT, the company will
be added to the S&P MidCap 400 GICS (Global Industry
Classification Standard) Leisure Products Sub-Industry index.
CARBO Ceramics operates as an oilfield services technology
company. Headquartered in Houston,
TX, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Equipment & Services Sub-Industry index.
Summit Hotel Properties, operating as a Real Estate Investment
Trust (REIT), acquires and owns hotels. Headquartered in
Austin, TX, the company will be
added to the S&P SmallCap 600 GICS Hotel & Resort REITs
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – February 9, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Vista
Outdoor
|
Consumer
Discretionary
|
Leisure
Products
|
DELETED
|
CARBO
Ceramics
|
Energy
|
Oil & Gas
Equipment & Services
|
S&P SMALLCAP
600 INDEX – February 9, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
CARBO
Ceramics
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Summit Hotel
Properties
|
Financials
|
Hotel & Resort
REITs
|
DELETED
|
Alliance One
International
|
Consumer
Staples
|
Tobacco
|
|
Orbital
Sciences
|
Industrials
|
Aerospace &
Defense
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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For more information:
David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
(+1) 212 438 3907
david.blitzer@spdji.com
David R. Guarino
Communications
S&P Dow Jones Indices
(+1) 212 438 1471
dave.guarino@spdji.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/vista-outdoor-set-to-join-the-sp-midcap-400-carbo-ceramics-and-summit-hotel-properties-to-join-the-sp-smallcap-600-300030428.html
SOURCE S&P Dow Jones Indices